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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Stocks rally on solid tech earnings - The Untold Story

ES Nasdaq SP United States Dow Jones Dow Jones Industrials Meta Microsoft

The S&P 500 Index ($SPX) (SPY) today is up +1.36%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.93%.  June E-mini S&P futures (ESM25) are up +1.51%, and June E-mini Nasdaq futures (NQM25) are up +1.99%. 

Stock indexes today are sharply higher, with the S&P 500 and Dow Jones Industrials posting 4-week highs and the Nasdaq 100 posting a 5-week high. Positive earnings results from Microsoft and Meta Platforms are leading the Magnificent Seven stocks higher and boosting the overall market today.  Microsoft is up more than +9% after reporting stronger-than-expected Q3 sales and profit growth.  Meta Platforms is up more than +6% after reporting better-than-expected Q1 sales. Stocks extended their gains today after US manufacturing activity fell less than expected last month. 

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